BlackRock, the US$14 trillion asset manager, announced on September 5, 2025, that it would cut about 200 jobs, amounting to just under 1% of its workforce [1, 2]. This marks the latest round in a series of reductions after the firm resumed layoffs in 2023 following a pandemic pause [1, 2].
The job cuts affect various roles within investment, operations, technology, and the private financing division bolstered by BlackRock’s $12 billion acquisition of HPS Investment Partners last year [1, 2]. The company carried out two significant layoffs in 2025 prior to this, each cutting about 1% of employees [1, 2].
BlackRock characterized the reductions as part of the normal adjustments in a continuously evolving organization. A company spokesperson said, “The actions we are taking today are the ordinary discipline of a continuously evolving organisation.” Another spokesperson added the asset manager is “always reviewing staffing across its businesses to best serve its clients” [1, 2].
The latest cuts follow rounds in 2023, when layoffs resumed after the pandemic-related pause [1, 2]. BlackRock’s workforce reductions in 2025 and now this latest round reflect a multi-phase approach to adjusting staff levels.
The firm has not announced any further planned layoffs yet, making this latest round the most recent event in the ongoing workforce reshaping process [1, 2].
